Starfield Announces Resignation of CEO
TORONTO, Aug. 29, 2011 /CNW/ --
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THE U.S./
TORONTO, Aug. 29, 2011 /CNW/ - Starfield Resources Inc. (TSX: SRU) ('Starfield', 'the Company') today announced that it has
received and accepted the resignation of its Chief Executive Officer,
Mr. Andre Douchane, effective November 30, 2011. The Company will be
looking for a replacement in due course.
Mr. Norm Betts, Chairman of the Company said, 'The Board would like to
thank Andre for his contribution to Starfield, particularly in regards
to the development of the Ferguson Lake asset, and wish him well in the
future.'
As previously announced, the Company is continuing to review its
strategic alternatives for the business, and is completing its summer
exploration drilling programs at its properties in Stillwater, Montana
and Ferguson Lake, Nunavut. The Company expects to receive results in
the near future.
About Starfield
Starfield Resources Inc. is an advanced exploration and development
stage company. The Company's primary asset is its Ferguson Lake
nickel-copper-cobalt-platinum-palladium property in Nunavut, Canada.
Additional assets include a nickel-copper-cobalt-PGE-chrome project in
the Stillwater district of Montana with historic copper, nickel,
chromite resources (non 43-101 and not to be relied on), and the
Moonlight copper project in California with significant NI 43-101
copper resources.
Starfield has also funded the development of a novel, environmentally
friendly and energy efficient hydrometallurgical flow sheet to recover
metals from massive sulphides.
Forward-Looking Statements
This news release may contain certain information that constitutes
forward-looking statements. Forward-looking statements are frequently
characterized by words such as 'plan,' 'expect,' 'project,' 'intend,'
'believe,' 'anticipate' and other similar words, or statements that
certain events or conditions 'may' or 'will' occur. Forward-looking
statements are based on the opinions and estimates of management at the
date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements. These factors include the inherent risks
involved in the exploration and development of mineral properties, the
uncertainties involved in interpreting drilling results and other
geological data, fluctuating metal prices and other factors described
above and in the Company's most recent annual information form under
the heading 'Risk Factors' which has been filed electronically by means
of the Canadian Securities Administrators' website located at
www.sedar.com. The Company disclaims any obligation to update or revise
any forward-looking statements if circumstances or management's
estimates or opinions should change. The reader is cautioned not to
place undue reliance on forward-looking statements.
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André J. Douchane President and CEO 416-860-0400 ext. 222 adouchane@starfieldres.com | Greg Van Staveren Chief Financial Officer 416-860-0400 ext. 223 gvanstaveren@starfieldres.com | Investor Relations 416-860-0400 info@starfieldres.com |